EURUSD 13 year trendline just below 1.2800 (USDCHF at 30 year trendline!)USDJPY nears 13 year trendlineNZDUSD at midpoint of 2011-2014 range EUR/USD Weekly -“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 (origin ...
Talking Points: USD/JPY Technical Strategy: FlatSupport: 103.53, 103.05, 102.75Resistance: 104.00-12, 104.30, 104.54 The US Dollar is hovering near the highest levels in five months against the Japanese Yen after rallying the most since mid-March earlier in the week. A daily close above the 104.00-12 area marked by the 123.6% Fibonacci expansion and the April 4 swing high exposes the 138.2% level at 104.30. Alternatively, a turn below the 100% Fib at 103.53 opens ...
EUR/GBP Technical Strategy: FlatSupport: 0.7973, 0.7954, 0.7935Resistance:0.8007, 0.8031, 0.8050 The Euro began edging higher against the British Pound as expected after prices produced in a bullish Morning Star candlestick pattern. A pullback now sees prices testing support at 0.7973, the intersection of the 38.2% Fibonacci retracement and a rising trend line set from July’s low. Breaching this barrier on a daily closing basis exposes the 50% level at 0.7954. Alternatively, ...
Recent Visitors
Archive
Go to Profile
Mark as Read